Nestlé S.A. (OTCMKTS:NSRGF) Sees Large Decline in Short Interest

Nestlé S.A. (OTCMKTS:NSRGF) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,787,700 shares, a drop of 20.2% from the December 31st total of 3,494,100 shares. Based on an average daily volume of 141,200 shares, the days-to-cover ratio is presently 19.7 days.

Nestlé Stock Down 1.9 %

NSRGF traded down $1.63 during midday trading on Friday, reaching $84.96. 11,394 shares of the company’s stock were exchanged, compared to its average volume of 55,835. Nestlé has a one year low of $79.55 and a one year high of $115.58. The business has a 50-day simple moving average of $83.45 and a two-hundred day simple moving average of $93.75.

Nestlé Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.